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Aid in reverse: how poor countries develop rich countries14 Jan 5:00am

Aid in reverse: how poor countries develop rich countries

The Guardian
New research shows that developing countries send trillions of dollars more to the west than the other way around. Why? We have long been told a compelling story about the relationship between rich countries and poor countries. The story holds that the rich nations of the OECD give generously of their wealth to the poorer nations of the global south, to help them eradicate poverty and push them up the development ladder. Yes, during colonialism western powers may have enriched themselves by extracting resources and slave labour from their colonies – but that’s all in the past. These days, they give
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